MMP stock: buy or sell?
February 26th, 2020
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.
Should I buy MMP stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Magellan Midstream Partners stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Magellan Midstream Partners stock a buy?
Banks and financial institutions publish stock ratings everyday.Unfortunately, we couldn't find any rating for MMP stock for the last month.
MMP stock analysis
Shares of Magellan Midstream Partners ended today at $56.99 and declined a rough -1.40%.
Magellan Midstream Partners closed today at $56.99 and declined a rough -1.40%. In the last 27 days when MMP stock price broke down the SMA200d line, it slid $-5.96 per share (-9.47%).
Shares of Magellan Midstream Partners closed this week at $56.99 and plummed a dreadful -5.72%.
Since late January, when MMP stock price broke down the 40-weeks moving avarage line, it slid $-5.86 per share (-9.32%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.
MMP stock price history
MMP IPO was on March 19th, 2001 at $0.70 per share1. Since then, MMP stock surged a 8,041.40%, with a yearly average of 446.70%. If you had invested $1,000 in MMP stock in 2001, it would worth $80,414.00 today.
1: Adjusted price after possible price splits or reverse-splits.
MMP stock historical price chart
MMP stock reached 52-week highs on August at $65.51, and all-time highs 2017-02-15 with a price of 68.56.
MMP stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price target for Magellan Midstream Partners stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on May, Magellan Midstream Partners . As soon as we get its actual EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a super good increase of 12.72% to $2,826.57 million dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 12.52% to 47.19%. To have an up to date view of the financial situation of Magellan Midstream Partners, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Magellan Midstream Partners TTM sales up to were $2,147.79 and earnings were $1,123.02 million USD. When comparing this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, plunged a hair-raising -24.01%. By contrast, profit margin (net income/revenues) rose at 47.19%.
|2013||$1,910 M||-||$582 M30.5%||-|
|2014||$2,304 M||20.61%||$840 M36.4%||44.19%|
|2015||$2,188 M||-5.00%||$819 M37.4%||-2.43%|
|2016||$2,205 M||0.77%||$803 M36.4%||-2.00%|
|2017||$2,508 M||13.70%||$870 M34.7%||8.32%|
|2018||$2,827 M||12.72%||$1,334 M47.2%||53.41%|
|TTM||$2,148 M||-24.01%||$1,123 M52.3%||-15.81%|
Quarterly financial resultsMagellan Midstream Partners reported M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin remained stable a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing sales to same quarter last year, Magellan Midstream Partners sales marked a scary correction and plummed a -100.00%.
|2017-Q1||$613 M||-||$223 M36.3%||-|
|2017-Q2||$605 M||-1.33%||$210 M34.8%||-5.54%|
|2017-Q3||$573 M||-5.35%||$199 M34.7%||-5.66%|
|2017-Q4||$673 M||17.54%||$238 M35.3%||19.85%|
|2018-Q1||$679 M||0.81%||$211 M31.1%||-11.34%|
|2018-Q2||$644 M||-5.11%||$214 M33.3%||1.66%|
|2018-Q3||$638 M||-0.94%||$595 M93.2%||177.29%|
|2018-Q4||$866 M||35.68%||$314 M36.3%||-47.17%|
Magellan Midstream Partners ownershipWhen you are planning to invest in a company, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Magellan Midstream Partners, 0.24% of all outstanding shares are owned by its staff.
In case of Magellan Midstream Partners stock, 66.56% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$13.0 B|
|Total shares||228.4 M|
|Float shares||226.9 M|
|- Institutional holdings (%)||66.6%|
|- Insider holdings (%)||0.2%|
|Shares in short selling||0.0%|
|Wednesday, February 26th, 2020|
|Day range||$56.77 - $58.49|
|Average true range||$1.10|
|50d mov avg||$61.27|
|100d mov avg||$60.93|
|200d mov avg||$61.43|
Magellan Midstream Partners performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Magellan Midstream Partners against in the following table:
Magellan Midstream Partners competitorsUnfortunately, we could not find any public company that could be defined as Magellan Midstream Partners competitor. This doesn't mean Magellan Midstream Partners does not have any competitor in the market, it's just we could not detected it.
Latest MMP stock news
- Seeking AlphaMagellan Midstream Partners: An Appealing MLPApril 8, 2019